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Welcome to BCAN. This is meeting number four of the Special Joint Committee on the Exercise of Powers Under the Building Canada Act.
Pursuant to the motion adopted on Tuesday, April 14, the committee is meeting to commence a study on an update of the government's work under the .
Today's meeting will be taking place in a hybrid format. Before we begin, I would ask all in-person participants to read the guidelines and make sure that they are abiding by those rules to help prevent feedback for our interpreters, who do such a great job.
I'd also like to remind participants of the following points. For those of you on Zoom—we have a couple of witnesses there—at the bottom of your screen, you can select the appropriate channel for interpretation: floor, English or French. For those in the room, you can use the earpiece to hear the desired channel.
Before speaking, please wait until the joint chair recognizes you by name. For those participating by video conference, click on the microphone icon to activate your mic, and please mute yourself when you are not speaking. For those in the room, please raise your hand if you wish to speak. For those on Zoom, please use the “raise hand” function. We'll do our best to maintain a consolidated speaking order, which, by the way, we already have. I know that everyone has submitted their name, so we're good to go there.
I would remind you that all comments should be addressed to the joint chairs.
I'd like to welcome our witnesses who are here from 6:30 p.m. to 8:30 p.m. We have the Honourable Dominic LeBlanc, Minister of Internal Trade. Welcome, sir.
From the Major Projects Office we have Dawn Farrell, CEO; Louise Baird, VP of strategic policy and coordination; Peter Feldberg, VP of regulatory affairs; and Rob Van Walleghem, general counsel and vice-president.
I understand that Mr. LeBlanc will be freed at eight o'clock, but the rest of you are going to be stuck here with us until 9:30 p.m. We appreciate your spending your Tuesday evening with us.
I now invite Minister LeBlanc to give us his opening statement.
Mr. Chair, Madam Chair, members of the committee, honourable senators and my colleagues from the House of Commons, thank you for the invitation.
It's a great opportunity for me, Dawn Farrell and her colleagues at the Major Projects Office to talk about the work that the Government of Canada is doing, focused, obviously, in the Major Projects Office, but under legislation that our Parliament adopted in June last year.
[Translation]
In these times of global uncertainty, Canada must focus on what it can control, and we can control what happens here, on our own soil. We want to create an environment conducive to investment, job creation and, ultimately, the success of projects that hold promise for Canada’s future. As I mentioned, that is exactly what the Building Canada Act—which we passed together in June—aims to do.
[English]
The Building Canada Act and the accompanying efforts the government has undertaken shift the perspective of federal reviews from whether a project should go ahead to how best to advance the project and, obviously, in consultation with indigenous peoples.
As the said, we used to build big things in this country, and we were confident in our ability to do so, so the government is rekindling that ambition and is giving itself the tools necessary to do so. That's why we created the Major Projects Office, a new agency tasked with advancing the major projects and transformative strategies that we, as a government, have formally referred to them, while looking at what we must do to get a two-year timeline for all project decisions in place as well.
[Translation]
The six strategies and fifteen projects currently being developed by the Major Projects Office—which include ports, mines, roads and hydroelectric power plants—will strengthen our economic resilience.
[English]
On that note, as you said, Mr. Chair, I’m very pleased to be joined today by Dawn. I think it's the first time that Dawn and I are together before a special joint committee of Parliament. She is the chief executive officer of the Major Projects Office; the asked her to assume this function. She will be able to speak about the work that she and her team have done, a remarkable group of women and men I've had the privilege of meeting in Ottawa and in Calgary. She can talk about the work they're doing on approvals and on the financing necessary to get investment decisions done as quickly as possible.
That being said, as we accelerate our decision-making timelines, we continue to uphold, of course, our responsibilities to environmental standards and to the constitutionally protected duty to consult indigenous peoples and indigenous rights holders.
[Translation]
I will conclude by highlighting a few of the Major Project Office's achievements.
Recently, the Prime Minister broke ground on the Contrecœur container terminal in Montreal, which will increase the capacity of the Port of Montreal by approximately 60%. This is a project that has been under discussion for decades, having been first proposed nearly 40 years ago. Now, less than seven months after it was presented to the Major Projects Office, construction is beginning.
We could also mention the Nouveau Monde Graphite mine in Saint-Michel-des-Saints, north of Montreal. Over the past few months, the company—whose representatives I have met with on several occasions—has secured its financing and is now in an excellent position to move on to the final and crucial stage: the final investment decision.
However, despite these efforts, there is still a great deal of work ahead of us. I look forward to working with the members of your committee over the coming months to move things forward.
Now, you cannot imagine how happy I am to be able to answer your questions and receive suggestions from my colleagues in the House of Commons and the Senate.
[English]
Mr. Chair, you and I have been in the House of Commons together for over a decade. It's a privilege to be with you and our colleagues tonight.
Thank you.
Thank you, Minister, for being here, and thank you, Dawn Farrell, for your presence as well.
Minister, the Major Projects Office has staff who get top-ups from the private sectors that it must oversee, and it must protect Canada's public interest. Is this a conflict?
Hello to everyone.
I'll let you know, Mr. Chair, that I'm going to be splitting my time with Mr. Dhaliwal since I am a late addition, which gives me time for maybe one or two questions.
Minister, thank you for being here.
Coincidentally, the spring economic update came out today. It showed that Canada has the highest level of direct investment per capita in the G7. That's a pretty significant feat, given the economic climate. My understanding is that it's the highest it's been in just under two decades.
When I talk to proponents who are trying to get big projects through, there's a normal discussion that comes up which is, “Yes is the best answer. No is the second-best answer, but the worst answer is maybe, we'll see, things are continuing”, then we see these processes that take a very long time.
If the MPO is successful in getting these projects through, what effect will that have in attracting more investment into Canada, and how will that affect jobs and economic growth?
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Mr. Chair and Madam Chair, through you, Mr. Beech, thank you for the question.
I totally share the view in terms of what the best answer is, that the second-best answer is a no, and that the worst answer is a process that goes around and around and doesn't land at a decision within a reasonable time. I know your past work in environmental protection, fisheries and oceans and other work you've done. If you want to get to the “yes”, you have to get to the “yes” in the right way with the right consultations and environmental reviews. You and I know. I know you believe that. I just wanted to reiterate that, if we're going to get to “yes”, it's in the right way. I know you share that view.
You're right, Mr. Beech. We have an opportunity to attract foreign direct investment, and Ms. Farrell could again speak to the specific percentages of potential foreign direct investment. It's also true of domestic investment. It's true of institutional investors in our country. They want to know that there is a group of people accompanying them through a regulatory process that has to be rigorous and proper but can be expedited. We can do things at the same time. We don't have to wait sequentially for different approvals.
The other thing, Mr. Beech, that I think the Major Projects Office is usually helpful in is working with the Privy Council Office to get provinces to agree to one project, one review. I hope we can talk about that. For us, that's also very much part of—to pick up on Ms. Stubbs' previous question—bringing more coherence to this process, which will attract investment.
I don't want to go on, because I'm dying to hear Sukh Dhaliwal's question.
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I'll say this to our friend Mr. Dhaliwal through you, Mr. Chair, but with respect to Madam Chair as well, since your colleague opened the conversation.
You're right. Your province, because of its geography, minerals, renewable energy and willingness to build big projects—the Government of British Columbia has been very active in this space for some time—will do very well as we advance a major projects agenda, particularly for some LNG projects and port infrastructures. You know the list as well as I do.
The Government of British Columbia was the first government to sign an agreement for one project, one review. It is very much focused on how we can get to a yes in the right way. The Province of British Columbia, with respect to indigenous nations, has, for some time, also been a leader in having them be full participants in many of these projects.
I'm confident that the Government of British Columbia—as well as, in particular, proponents who want to invest in your province because they see the potential of critical minerals projects and exporting energy resources to Asia—will do very well as this work continues.
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That is an excellent question, Mr. Bonin.
I know that my colleague has had many discussions with the Major Projects Office. I participated in some of them.
I know you are an expert on this. I do not want to venture a percentage. I can assure you that Environment and Climate Change Canada will share its analyses on this matter with you. It is a frequent topic of conversation.
However, I see Senator Carignan, a lawyer himself, looking at me, and I do not want to make up an answer. I want to be very precise.
Mirabel is my region. I have a lot of concerns and a lot of questions. When people look at the organizational chart, they get a little worried, because they feel you’re acting as both judge and jury. I’m looking at the organizational chart for the Major Projects Office. The management team consists of two people: you and Ms. Farrell.
I hear you speak, and I have rarely seen you so hesitant on certain issues. I have heard you speak, seen you and questioned you on several occasions.
There are two of you on the management team. This worries people in the region, who fear that the decision has already been made, regardless of any studies that might be conducted or the cost involved. What do you tell the people of Mirabel?
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I understand the question. I will say it is not at all the case.
True, on the organizational chart, it may just be Ms. Farrell and me, but all federal departments are involved. There are about a hundred people working with Ms. Farrell in the Major Projects Office. So, of course, it’s not just her and me, sitting on a bench at Harvey’s, who are going to do these assessments.
I can assure you that we are very aware of these concerns. My colleague, the , has spoken about this on several occasions. We support the project. We believe it is important for the country’s economy. That said, I am confident that we will carry out the project properly.
Thank you, Minister, for appearing this evening for this important conversation.
Resource Works, in 2025, documented massive losses in cancelled resource projects across Canada, to the tune of $670 billion.
With that scale of missed opportunity, why is the government prioritizing a Major Projects Office approach that hasn't yet put anything on the designated list, rather than addressing the systemic regulatory delays and antidevelopment laws affecting our ability to grow our economy in a meaningful way?
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You're right. We're starting with major projects of national interest, through legislation that Parliament adopted. This will give us the ability to expedite those projects.
At the same time, I know Ms. Farrell and my colleagues in cabinet are working on how we could look at this. The two-year timeline for designated projects should apply—it's a maximum—to all projects. It shouldn't only apply to those designated. It should apply to a small craft harbour's dredging project that takes too long to permit in my riding, as well.
Good news is on its way. We are looking at a series of regulatory and potentially legislative changes, which, I hope, will answer your very real concern.
Thank you, Minister, for your leadership and your work.
Thank you, Ms. Farrell and Ms. Baird at the MPO.
Minister, in addition to the responsibility you have in terms of work at, and oversight of, the MPO, you're also the Minister of Intergovernmental Affairs. One project one review was mentioned with respect to being able to work with provinces. I believe there are about seven provinces that have come on with this concept and are working through it.
I'm wondering if you could give this committee a bit of an update on how that's going and on some of the work of provinces where that work is being undertaken right now.
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Through you, Mr. Chair, thanks for the question.
Louise will find the exact list of seven. I think there are seven most recently in Manitoba. Your province was an early adopter, Mr. Blois, of one project, one review.
You're right. As the intergovernmental affairs minister, I was with the on a number of occasions, including at the end of January with the premiers at a first ministers meeting. There is a lot of desire, including from the Province of Quebec and others, to figure out how to do this properly.
I'm confident that we're going to get more than seven. You could see the benefit in some jurisdictions where this is the case. Proponents are saying this to provincial governments and to the Government of Canada.
It has been a signature commitment of our government.
The Province of Ontario was one of the most enthusiastic participants. I had spoken to Premier Ford on a number of occasions about this. He was very effective in talking to his other first minister colleagues about the importance of getting this done.
We appreciate it. I think the more we can continue to support it.... I know you're doing that work. You alluded to it with Ms. Anstey.
I was at the Calgary Chamber of Commerce a couple of weeks ago. Folks are very enthused about the work of Ms. Farrell, the MPO and the way the government is talking about major projects in the country.
Minister, you talked about what I would call that mid-tier regulatory reform on projects that may not actually end up being on the MPO list. There is some work that we can do, whether it is one window or otherwise. You referenced it to Ms. Anstey. Stakeholders are certainly talking in this regard. It sounds as though the government understands that this is a priority.
Is there anything else that you'd like to elaborate on that you recognize, or in the conversations you're having with stakeholders? May we see something down the road?
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You're right. The Major Projects Office, with Bill , has specific provisions for those major national projects.
There is a growing sense that the short but effective experience of the Major Projects Office with the one project, one review and federal-provincial dynamic gives us an opportunity.
I've had this conversation with my colleague, the . Many of these projects, if you think of port projects, bridges, roads and other trade infrastructure, would benefit from an expedited regulatory process.
Again, it's not cutting corners or taking shortcuts. It's compressing the timeline so you do things not sequentially but concurrently. You find a way to ensure that the indigenous consultations are done properly, but again, begin at a stage in the process where you can have an outcome that follows our obligations.
That work is under way. In the coming weeks or months we may have something more to say about regulatory and potentially legislative changes.
Mr. Chair, I know that people are on the edge of their seats. Alberta, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Ontario have signed one project, one review agreements. A draft agreement with Newfoundland and Labrador has been posted, and we're making progress with the other jurisdictions.
I know that excites you, Mr. Blois.
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Very much so, Minister.
We have about 40 seconds left.
You're an Atlantic Canadian. We're both Atlantic Canadians.
You have 30 seconds. Is there anything you want to talk about, whether it is Bay du Nord, Wind West or the Sisson mine in your home province?
These are important. It's the work that you're doing with MPO to advance Atlantic Canada's energy and critical mineral future.
Minister, first of all, I must say that we should welcome one of the measures announced in today's economic update on training for workers. We are talking about a $6 billion investment to train 100,000 workers over five years. We can talk all we want about major projects, investments and investment funds, but at the end of the day, it takes workers to build things. I believe then that we should welcome this measure announced in today’s economic update.
I would now like to discuss investments and funding for major projects.
We know we have the Canada Growth Fund, the Canada Infrastructure Bank and the upcoming Canadian Investment Summit. Today, during the economic update, we also learned of the creation of a sovereign wealth fund, the Canada Strong fund.
Earlier, you said that the Major Projects Office does not administer these funds, but rather plays a coordinating role. Could you tell me if the Canada Strong fund will also be part of the tool kit you have as a coordinating tool within the Major Projects Office?
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Senator, thank you for your question.
At the end of your question, you repeated your earlier comments about a tool kit.
I, too, am very pleased with the economic update. I come from a small region in our country called Atlantic Canada. There is a large, highly skilled workforce in western Canada working on other major projects. I completely agree with you that, while promoting this program, we must, of course, ensure, through our provincial and territorial partners, that we have a skilled workforce. So, I fully share your initial enthusiasm.
You mentioned our efforts to attract investment. In Canada and abroad, we have concluded free trade agreements. The has established 20 economic and defence partnerships to try, precisely as you said, to attract investment to Canada.
As for your question about the Canada Strong fund, you will understand that we are in the very early stages. This good news was announced just yesterday. Even without the details on how the fund will ultimately be structured, I imagine it will logically be one of the tools we use. So, without having seen any cabinet documents or decisions from the or the Prime Minister, I expect this to be a perfect example of another tool we can use for this important work, to ensure that Canadians can benefit from these major projects and participate in them willingly.
So, over the coming weeks and months, the structure and specific definitions of this fund will convince me that, ultimately, it will be one of our essential tools.
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You've asked four or five loaded questions there at the end. That's fine.
If ever? I don't share your pessimism.
Not to get technical with you, but it's not the Major Projects Office that does the designation. It's the Governor in Council. It's cabinet, based on my recommendation, having received the advice from Ms. Farrell.
You also said in your question that it's one of the important instruments of Bill . I would agree with that, but it's not the only one. The good news is that the other ones are working very effectively, and so will that one when the government has recourse to it as well.
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I heard Kody talk about Calgary earlier, so I think so. I think that's a common view.
Minister LeBlanc, you talked in your opening statement about focusing on what we can control, about what's happening on our own soil and about wanting to create an environment conducive to investment, job creation and projects that hold promise for Canada's future. I think that's fantastic—building big things and getting them done in a pragmatic way while being stewards of land, air, water and resources; and being community-minded. I think that's also very much in Alberta's DNA, in Calgary's DNA.
Many of the questions I wanted to ask about timelines I think have been addressed by others, so I want to jump into some things that I think would be helpful as we write our report to Parliament. You mentioned that there were 275 submissions, some very small and some huge. I'm wondering if you can expand on the nature of those projects, what they tell us about the opportunity that is in front of Canada and where we might be able to lean in as a country.
:
Mr. Chair, through you, Mr. Hogan, thank you for the question.
I share your views about the entrepreneurial spirit of the people of the great city of Calgary. I've seen it myself on many occasions.
Ms. Farrell, with whom I've had the privilege of working these last number of months, is a great example of that. Thank you for saying that. I'll leave it up to colleagues on the committee to decide if you put yourselves in that bucket. I wouldn't propose to do that.
Mr. Chair, at one point I asked Dawn because I was curious and because people self-refer a project to the Major Projects Office. Some would be regional infrastructure or educational institutions and some would be major projects for provinces and big private sector proponents.
I looked at the list of 275 because I was interested in seeing Dawn and her colleagues do the triage and refer a number to the Major Projects Offices. As I say, people thought it was a federal funding agency or thought that, if they could get Dawn and her colleagues to pick up a particular project, it would somehow rise to the top of everybody's priority lists. That's not the way this particular process works.
She and her staff have referred many of these projects to other federal departments such as Infrastructure Canada and Transport Canada. They pick the federal department, in some cases, with funding opportunities or regulatory authorities. Many of them, of course, fall entirely within provincial or territorial jurisdiction, and they have been referred to those provinces.
Mr. Chair, with your indulgence, I'm happy to share with the committee, as much as we can, a list of the 275. I just don't want to commit to every single project, proponent or the amount of money, but perhaps there are categories or examples.
I'll ask Dawn to work with her colleagues to make public the enthusiasm that Canadians have for the Major Projects Office and their enthusiasm to refer things to the Major Projects Office, but I want to do it in the way that respects what might have been people's assumption when they sent Dawn a particular project.
[Translation]
Minister, thank you for being here tonight.
My first question is a follow-up to one I asked you during question period in the Senate last February.
[English]
The question that I asked was this: How do we deal with projects that may have stranded assets if it's not a completely built-out project? What I mean by that is, if the MPO is working with government and feeding into the preparation of the OIC process, will the MPO consider stranded assets such as the Sisson mine?
If we get the stuff out of the ground, but we can't get it to market because there's no road or no rail, would the MPO make that recommendation to say that the project needs to be expanded to deal with that situation?
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Mr. Chair, through you to Senator Quinn, thank you for that very good question.
You're right. I remember our exchange at the Senate question period in terms of the designation per se is for a proponent and a project, or the designation decision would be specific to that. On your very good question around stranded assets or other infrastructure, the project you referred to in our province is an important example.
Because it's a very good technical question, I might ask Ms. Farrell to answer how they, in fact.... The answer is yes, those evaluations are done, but she could explain in more detail how good that yes is, I think.
Dawn.
My next question is really on the act itself and what I understand our role here is, and that is to evaluate the performance of the minister and cabinet with respect to the requirements of the bill itself. It's not to say yes or no to projects, but to evaluate that.
There seem to be so many steps in the project process, from the inception right through to designation in schedule 1. I'm wondering if we can have a little clarity on those steps and then I'd ask how this committee can do its work in a way that evaluates in a way that helps government achieve what it's trying to achieve.
I'd like to get a little clarity on that because there's been some suggestion that we come in at the end, and yet I know you just said you're being briefed throughout the piece to see how things are going. Is that something that we should be doing in terms of leading up to an evaluation that's going to be in our report? Basically, what are your thoughts on that?
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Again it's a very good question. The committee in its own wisdom will decide how and what work it does, and we will always be happy to work with you and provide what information you need and benefit from the advice and the work you do. I think that goes without saying, but I just wanted to reiterate that.
Your point, I think, Senator Quinn, is a good one in the sense that a whole series of projects come to the Major Projects Office in different ways. In response to Mr. Hogan, we talked about potential examples of those projects. Obviously, if we have provincial partners that work with us, that work with the Government of Canada and the Major Projects Office, you can imagine the rigour that would bring to a particular proponent or the particular work that we would want to do collaboratively with them. Some proponents and the kinds of projects that they would bring forward are better equipped and at a different level of preparedness than others. That's a normal thing. The Major Projects Office has the skilled people to work with every one of those proponents to really shrink down what is remaining to get them to a final investment decision with the appropriate environmental and indigenous work done.
I think if this committee wanted to—and again, I'm not a member of this committee, and you'll decide how you want to do your work—
I was just about to make a really incisive suggestion, but I'm out of time. I'm sorry. I want to respect your time.
Minister, Ms. Farrell, thank you for joining us.
Yesterday, the announced the new initiative: the much-discussed sovereign wealth fund. As we know, these exist in other countries: there are sovereign wealth funds in Norway, Singapore and Kuwait, but they are derived from extracted and sold resources. In fact, they consist of surpluses, and we agree that these are savings, not debt.
Here, it seems we want to use the same name, a very positive term, but ultimately, we are not using the same formula to create it.
Minister, the United Kingdom's national wealth fund was created in 2024. The structure is identical, and it is funded by debt. The British Parliament refused to call it a sovereign wealth fund. Why, here in Canada, have you decided to use a term that does not correspond to the formula being used?
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My question isn't about that. I'm going to stop you there, because my question is really about the term being used. I understand that Canadians are wildly enthusiastic when they see how well it works in other countries that are doing it. However, that's not how it's being done here. Here, it's being funded by debt.
In 2024, Brookfield Access Management raised $10 billion for its Brookfield Global Transition Fund II, in which the still has a financial interest, as you know.
The sovereign fund has a similar mandate. It targets exactly the same sectors as the Brookfield fund I just mentioned, energy, infrastructure and critical minerals.
Was the Prime Minister's conflict of interest screen in effect when this new sovereign fund was created?
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Thanks to you, Parliament was seized of the matter yesterday.
Yesterday, the said this:
[English]
“Capital for investment...is not the issue we have”.
[Translation]
Here, in Canada, securing private investment is no problem, then. That's what that means.
Why, then, is the government going to borrow $25 billion or incur $25 billion in debt to create this fund? If securing private investment is no problem, is the fund being created because the private sector doesn't want to invest?
The said in the House today that the government was removing the barriers. According to an article in the Financial Post, however, Canada's leading industry groups say that red tape is more harmful than the tariffs.
What's going on? If there isn't a problem with private investment, but it's not forthcoming, why is the government incurring debt to fund a new program?
:
Thank you very much, Chair.
I appreciate everyone being here.
Minister LeBlanc, Ms. Farrell and Ms. Baird, it's good to have you here. It's important work that we're doing here, and it's important work that you're doing at the Major Projects Office. We're examining the Major Projects Office and the Building Canada Act. It's important to understand how the government intends to balance speed, transparency, indigenous consultation and accountability at the same time.
Minister, you mentioned a number of times that there have been 15 projects referred to the Major Projects Office, and also six transformative strategies. Mostly, when people think about major projects, they are thinking about those identified proponents and the concrete projects. These are early-stage initiatives or concepts. Often, they're region-based or sector-based. I know from my travels around the country, and yours as well, that these are important precursors to some of the major projects.
I wondered if you could make those distinctions between projects and transformative strategies and expand on why those transformative strategies are equally important.
:
Mr. Louis, that's a very good question.
As you know, the six transformative strategies that Dawn and her colleagues at the Major Projects Office are working on are exactly as you said. The idea is they're early-stage initiatives or concepts specific to a region or a sector. They have the potential to significantly strengthen the Canadian economy but require more work before specific or discrete projects might come out of that work.
I'm sure Dawn can fill in the details, but the Major Projects Office works to develop strategies like critical mineral development and wind energy, which is very important to Mr. Blois' and my province and to Atlantic Canada. Critical infrastructure in the north is a good example, including ports and transportation infrastructure. Those are examples.
A recent example is the Major Projects Office was referred a northern strategy, which turned into some concrete projects very quickly: roads, a port expansion and hydro capacity for communities in the north. These open up commercial and investment opportunities. Some are for dual civilian and potential military use as well.
That's the idea. It gives Dawn and her colleagues a chance to work with provincial, indigenous and territorial governments to put together the component pieces.
You should ask Dawn that question when she's here after I sadly have to excuse myself. I think you will get a very compelling answer.
:
I'll give one quick example.
If you look at northwestern British Columbia, we have what's called the golden triangle, which is where our copper, gold and many critical mineral projects are. It's about $800 billion worth of revenue to Canada to develop that resource, and we currently don't have a way to get electricity there for the miners.
We're working with BC Hydro to see how we would fund stage three of NCTL, which normally would not happen. Normally, a province is responsible for its own transmission infrastructure, but the value of moving those resources at this time in the global economy, where we see a lot of stresses in terms of getting these kinds of minerals to the market, is so high that we're working with BC Hydro to see if there's a way to finance and accelerate that transmission line so it can be built earlier.
Our office works with BC Hydro to see how to do that, and, at the same time, we work with the miners who have stakes in those areas to say, “If we get the transmission line to this stage, will you see that as the signal to start to put your development money into the golden triangle?” The clear answer from them is yes, so that's an opportunity to do infrastructure.
Now there's a lot more complicated stuff going on in that strategy. We are also working with some of the first nations there, and there are issues with roads and houses for them. There are lots of things to do, but the main game is to get that transmission line built and get those investments from the private sector into the mining.
:
Your question is a very good one.
Nothing the Major Projects Office or the government does under Bill or a designation circumstance would, of course, affect the constitutional obligations in terms of respecting section 35 treaty rights. Again, it's stating the obvious, but it's important to reassure indigenous rights holders that is the case.
I'm hoping at some point you can ask Dawn or her colleagues on the screen about that. There has been a great deal of work done in terms of the advisory group that works with the Major Projects Office, including regional consultation sessions. I sat in on one in Atlantic Canada. I think Mr. Hogan participated in one as well. I'm confident that important work is being done. We understand that if we're going to successfully get these projects built, it is because indigenous peoples and rights holders are full partners in these projects.
You know, as your colleagues have done a lot of good work on this in the Senate, about the loan guarantee program. We have made money available. In my conversations with indigenous groups, there's been a real interest.
The loan guarantee allows them to take equity positions. We've also made money available so they can participate meaningfully in these consultations. There's such an enthusiasm to do so that the government will look at ways to ensure that we continue to have those necessary resources available.
I'd like to follow up on the senator's line of questioning. I don't think your answer has given any clarity at all. In fact, it's the federal Crown's duty to consult indigenous communities.
You're using the words “in partnership with” indigenous people. Of course, private sector proponents and governments in Canada have a long history of doing that, but the primary job for indigenous consultation falls on the federal Crown. That is your duty, so I would say that you need to provide real clarity on exactly what the federal Crown itself—the decision-makers—is doing, and sooner rather than later, because this was a part of the debate.
Related to that, Minister, I'm curious about something. Has the ever said to you that the pipeline to the Pacific is critical for Canada's national interests, for affordability, for security, for getting beyond the U.S. as the primary market for Canada's most valuable exports and for Canadian national unity? Has the Prime Minister told you directly a pipeline to the Pacific is in Canada's national interest?
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You're not going to answer the question, so let's move on.
As we've all discussed here, in the back of Bill , there are 12 laws and five regulations that you, the and the have at various times said need to be fixed or repealed in order for private sector proponents to see clearly through—as you rightly characterized it—this “incoherent” system with shifting deadlines.
I would suggest to you that 275 project proponents of all different jurisdictions and sizes applying to the office for the last year actually shows the utter chaos, uncertainty and lack of clarity around what projects and proponents will actually make your cut because you haven't defined the national interest clearly.
There are three regulators. There are 71 projects in front of those three regulators right now.
Here's the deal. Of the 15 projects you've referred to the MPO, two were already being built and several already had their joint approvals. Then we have this other last batch of five projects. When exactly—because you seem unclear in this meeting—will your government fix the laws and regulations to provide regulatory clarity so that proponents can invest and actually get projects built?
:
I think people are very enthusiastic. What they're looking for is for your government to deliver action on your words and promises. It's a year later. There are these 15 referrals. I have them now. Two were already being built before you announced them and seven were already approved by joint regulators before you announced them. You've admitted zero designations of any projects in the national interest so far. There are 24 projects in front of the Canada Energy Regulator right now. There are 40 at the Impact Assessment Agency, including only one of your announced referrals, and seven are at the nuclear regulator.
What on earth is taking so long to actually fix the laws and regulations at the back of this bill? How can it be that a year in you can't define “the national interest”, two-year timelines aren't in the law anywhere and you're slipping and sliding on it in this meeting? Also, there is no clarity for proponents or investors about how on earth the project can actually make the cut with your government. That's why 275 projects of all scales, scopes, sizes, jurisdictions and kinds have come to the office.
You have to fix the laws and regulations, so Canada can be a place where investors can invest and know they're going to get the green light to build.
Thank you, Minister.
I'd like to revisit the Alto project, but first and foremost, I'd like to follow up on some of the things that were said earlier.
I think it's important for everyone to keep in mind that the Governor in Council is responsible for designating projects and will take into account the advice and recommendations of the Major Projects Office. Projects will, of course, be subject to environmental assessment and consultation with indigenous communities. Minister, you don't wake up one morning and decide that a project is in the national interest. There is a process, and it's important to highlight that.
With that said, I'd like to come back to the Alto project. I do want to clearly state that, as a member for Montreal, I'm a big believer in the project. A high-speed train connecting nearly 20 million Canadians is exactly the kind of transformative project our country needs.
Even though I don't usually look at opinion polls, I've seen a few that are quite compelling. The vast majority of Canadians are in favour of the high-speed rail network, by a ratio of three or four to one.
What I'm hearing on the ground, especially in Montreal, is a simple question: Are we really going to be able to build this?
What do you have to say to Canadians wondering whether we can really see this project through?
:
I want to say that you're absolutely right about the two points you raised. I agree with you.
Ultimately, the decision to designate or not designate a national interest project under the Building Canada Act follows a rigorous process involving indigenous consultation and environmental assessment. You accurately described the rigour of the process.
As I said at the outset, in some cases, the good news is that Ms. Farrell and her colleagues will be able to help proponents carry out or advance their projects fairly quickly. In those cases, a decision to designate the project isn't necessary for the time being.
In your second question, you referred to a project, and I fully share your enthusiasm. New Brunswick won't be on the train's route, but the economic and environmental significance of this national project is crystal clear to me. I very much look forward to riding the train, hopefully many times. I am wholly confident that we can accomplish this project.
In the months ahead, my colleague the will provide more information on how the project could move forward.
To wrap up my answer to a very good question, I would say that, like you, I am very enthusiastic and confident. I don't think we need to look 50 years into the past for examples of prime ministers who are unfortunately no longer with us, to see the relationship between a high-speed rail network connecting key centres in the country and decisions that were probably made before you were born, Ms. Bendayan.
I understand politics. I too, was an opposition member. It's not a hard job: you get people worked up, you criticize things, you oppose every bad idea, you support every good idea and you don't have to be consistent from one week to the next. I understand that reality, but I completely agree with you. The country is behind the Alto project if it's done right, and that's precisely what we're going to do.
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Minister, I want to thank you for taking the time to be here.
We're going to suspend in a second.
For some who maybe don't know what's going on, we chairs both designated our times to other people, but normally the chairs would have a chance to speak. We did that this time just for the sake of harmony and trying to move this thing forward, and to have some great continuity in speaking time.
Minister, thanks once again.
We're going to suspend for five minutes, and then we'll be back.
:
Thank you, Madam Chair.
Thank you, Ms. Farrell and team, for stepping up to serve in the public interest. You have a sterling record in the private sector. Don't let this committee deter you from your work, because I can tell you that, from conversations I've had across the country, people appreciate the work you are heading up. It is important work, and I want to say thank you on Parliament's behalf.
I'm a Nova Scotia member of Parliament. We have the transformative strategies and Wind West. Obviously, the concept has merit, but there's a lot of work that has to go on. I believe your work is now to coordinate a lot of different activities. If I look at this, you have Nova Scotia Power, parented by Emera. You have New Brunswick Power. We have to think about an offtake for an industrial proponent and a New England proponent. There's a connection to Hydro-Québec, and whether or not that deal goes through for Newfoundland with the MOU that would have a significant impact in the national interest.
Broadly, and to the extent you can share with this committee, how is that work going and how does the interface happen? I'm curious because there are lots of different proponents. It's not necessarily one private sector proponent. It's a provincial government and lots of other entities.
Also, can we be of assistance? As a Nova Scotia member of Parliament—there are 11 in the province—is there something we can do to help you in that work?
:
Madam Chair, to Mr. Blois, this particular strategy is work that we do. I work together with at NRCan, who has a team of people. We have people. Then, of course, there are the provinces. There are lots of power people who work on this strategy, as you know.
The trick is to formulate enough of a strategy that a project actually falls out. This strategy, as you know, started out with the notion of offshore wind in Nova Scotia. Offshore wind in Nova Scotia is quite expensive and needs a market. It needs to go either to Quebec or to a market in the U.S. As well, there are a lot of different issues with power in the Maritimes, in terms of making sure people there have low-cost and effective power.
As we work on that strategy with all the various teams, we at the MPO provide lots of advice, because a lot of us, including me, have a lot of power sector experience. At the end of the day, what we're really waiting for is that strategy to throw out a proponent and a project. When there's a proponent out of Nova Scotia that is ready, we will take that project and assess it.
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The reason that I got tagged “you're it” to do this project was that I got the tagged to finish Trans Mountain. I have a lot of experience in terms of what makes a project effective and how you get it to move along.
Fundamentally, in Canada, because of the nature of Canada, because of our Bill obligations, because of our relationship with indigenous peoples, because of our care for the environment and because of who we are in terms of our values to build projects well in this country and have durable permitting and durable projects that have long-term cash flow, you have to find a better way to do it.
In the Major Projects Office, we found out that everything happens sequentially. First of all, you do an impact assessment, and then you do many engagements with first nations, and you do many different permits. What we've been doing is working across the bureaucracy and running concurrently.
:
Thank you, Madam Chair.
Thank you for being here, Ms. Farrell.
Ms. Baird, can you provide us with a list of the 100 people, if I'm not mistaken, who work at the Major Projects Office, their titles, duties and responsibilities, and salaries, and obviously the office's overall budget, expenditures and organizational chart?
:
I'll clarify what it is I'm asking.
You said you couldn't discuss salaries, firms, which bank funds which employee, or which private company funds which employee. You also said you couldn't disclose this because, apparently, you've entered into an agreement with the employee. I'd like you to check again whether it's possible to make this information public, as I believe it to be important.
Now, I'd like to ask you the following. You said there are various mechanisms through which private companies fund government employees working at the office. I'd like to know whether you can provide us with a list of those mechanisms. It's simply a matter of letting us know if you can provide that list in writing. How does a private company fund them?
My understanding is that you can do that. Is that correct?
:
Any information you can provide us about the project would be welcome. I'm referring specifically to the type of project and the province. We also want to know whether the project was proposed by a province, the federal government, a private company, or another party. There will be limitations, I get it. That said, demonstrating the greatest possible transparency would be the best way to begin for your new office.
About a year ago, the Liberals and Conservatives said they were going to rush through Bill and that they were even going to impose closure on the opposition. They said that, together, the two parties would pass Bill under closure, because it was so urgently needed. A year later, there are no projects that have been designated by the government.
Can you explain what you'd be unable to do today if Bill hadn't been passed? Why does the legislation resulting from Bill exist today? In everything you're currently doing, is there anything you wouldn't have been able to do if the government hadn't rushed Bill through?
:
Thank you, and thank you to the witnesses.
Ms. Farrell, in 2019 you had a fireside chat with the Public Policy Forum and you were critical about the federal government's inability to actually get projects built. You said, in effect, that they talk about it, talk about it some more, but they don't actually get things built. You talked about countries like Australia, which moves projects forward in as little as 18 months.
It's a year now into the mandate. We don't have a project on the designated list, so I'm just wondering, in terms of your work, how you reconcile those previous criticisms with where we stand right now in terms of getting projects on the designated list.
:
Yes, I guess I shouldn't have said that, or I wouldn't be doing this job, but stepping up to do this job was to put my money where my mouth was. How can I contribute as a Canadian to changing that outcome?
When I look at the 15 referred projects, many of those projects, as you've talked about earlier, were at various stages of development already. There were a lot of them that had their first nations consultations already done. They had some of their permits ready to go, but they were facing.... Contrecoeur, for example, had no funding. The project was not going to happen. There was no money for it. Then my first month on the job was working with the Contrecoeur team, or the Port of Montreal team, to try to figure out how to get some financing so that they could start doing the waterworks, and then we could keep going on the project and get finished there.
Other projects were waiting for ITCs. There were different things that different projects had, so we just kept working and kept going at them. Fundamentally, you'll see that, in the fullness of time, we were able to accelerate what would have been the timelines at the time, so I'm proud of that work.
There's always more to do, and we're going to continue to work on that.
In terms of designation, I do think there will be some projects that will be designated that will benefit by the act. I think that the act is powerful for a number of reasons. I do believe that projects that are on the come are more likely to require designation than projects that are in the past.
There are a couple of projects that we're working with—that I can't, again, reveal to you as they're private proponents—where proponents have come to me and said, “Because of the act and because of your office, we want to try something, and we think we've got a project of national significance, so will you work with us to determine whether we do?” They want to know if we will work with them to build the regulatory and indigenous programs so they can actually do the project in the two years, and then get into a three-year construction cycle.
I think the act will be useful for sure, but I think it's going to apply more easily to projects that are massive, that really make a difference to our infrastructure, and that are yet to be here.
:
Thank you. I appreciate that. I hope that clarifies some things for my colleagues as well.
It's been discussed a lot tonight that proponents need different things to get shovels in the ground. There's been a lot said about the MPO's role in streamlining permitting and project approvals, but getting to the FID often includes financing. We've touched on this, but I want to dig in a bit, perhaps, where you ended with the senator.
As you and the minister have said, Ms. Farrell, the MPO doesn't provide direct funding, but plays a key role in coordinating with other entities within government to finance a project. Can you expand on this function and inform this committee and our report on the different types of financing mechanisms the MPO leverages?
:
When you look at the evolution of a large project from zero to operating cash flows, going from that, you have to go through FID. You have to have funds. Then you have to go to LNTP and final notice to proceed. When you're in those various stages, you need various numbers of dollars to be able to do your engineering work, your project work, all the different steps that you want to take so that you have a very durable project.
If you look at Canada in the landscape inside the government, you see that you have the CIB, the Canada Growth Fund and a number of different vehicles in different departments that have seed funding for proponents. Really, what we're trying to do is make sure that it's one-stop shopping. We're really trying to use our own investment expertise and the expertise of some of the people we've brought into the MPO to really understand where their projects are and what the necessary funding is to get them to the next stage. Our overall ambition is to ensure that, at the end of the day, the greatest amount of private sector funding can come into the projects.
Now, there's a lot of private sector funding really trying to get us to put money into these projects. You have money from sovereign wealth funds, from pension funds in Canada and in Australia, and from private investors from the United States. There are lots of people trying to get their money in, which is a good thing, because that's what you need—capital to build these projects.
Going back to the question around the fund that was announced yesterday, I'm not part of that decision-making, and I found out about that at the same time you did. As that gets set up and stood up, I think the intention is that Canadians themselves would also potentially have the opportunity to be equity investors in some of these major projects. From my perspective, if I have to explain to my family why I did this job, and then say to them that I did this job so that everybody in the world could have a piece of it except for them, it doesn't make a lot of sense to me, so I'm hoping that the outcome of this vehicle is that Canadians can also choose to invest in these projects.
:
Thank you, Madam Chair.
Ms. Farrell, I'd like to return to the issue of labour. On page 67 of the economic update released today, we see several projects under the purview of the Major Projects Office. These include port projects, hydro projects, security corridors, mining projects and so on. These are very diverse projects that require a highly varied workforce and a wide range of training.
I'd like to return to the much-discussed $6 billion figure announced today, intended to train 100,000 skilled workers specifically to contribute to major projects. When you analyze these projects, can you tell us whether your office is compiling a list of the workers and qualifications that will be needed? How do you plan to align or synchronize this with the much-discussed $6 billion for training?
:
Thank you, Madam Chair.
Thank you for sticking around. This is very helpful. We're getting a better picture of what you do and the important work that it is.
What we're hearing is a focus and a coordination among the Major Projects Office, the federal government, its ministries and departments, regulators, other levels of government, stakeholders, indigenous partners and project proponents—that's quite a long list—to work together so that permitting and approval processes can happen more efficiently and with less duplication. With such a long list, can you speak about coordination with that many stakeholders, both the challenges—that may seem more obvious—and the opportunities that also exist?
:
I thought there would be more challenges in doing this, but to go back to the enthusiasm of Canadians, proponents, civil servants, governments and provinces, everybody is enthusiastic and everybody wants to do their part. I think there's an imperative that Canadians feel today, in the world that we're living in, when we look out into the world and we see what's going on, whether it's in the Middle East, the U.S. or wherever it is. I have not experienced a single moment of resignation, saying that it can't be done, or lack of determination that we can do it. That's been something I didn't expect.
I expected to be pushing a rope uphill, which has been most of my career. Instead, I'm more in a tsunami of projects that people want to get done. Our biggest issue is to pick the projects up where they're at and then help the proponents. Sometimes the proponents aren't ready for us because they are actually in another system, and they're like, “Oh, don't we go in sequence?” I'm like, “Nope, we're doing it all at the same time.” Getting proponents ready for that has been a bit of a challenge, but at the same time....
Again, I've had a lot of experience in building projects. I spent five years of my career in British Columbia. I was the generation vice-president, and we were building at that time as well. I worked a lot with first nations then. Today I find that our indigenous communities are like, “Tell me what to do. What do I need to do? I'm ready to go.” Therefore, how do we get ready? How do we get positioned?
I'm just finding that it's just a different time. We're just trying to ride the wave of bringing people together, simplifying, staying focused and sticking to a deadline. It's hard work, but it's pretty inspiring work when you see what Canadians are up for.
:
Yes, and it's because the indigenous communities themselves were being consulted by seven or eight different silos in government about the same project. It was draining their resources. To do one consultation, with an impact assessment and the permitting, all together at the same time, one set of information.... It's exhausting for the proponents to recut information 15 different ways for 15 different purposes. To cut at once, all of that, is just bringing some refreshing simplicity to what we have to do.
What I know about Canadians—and I knew this from Trans Mountain—is that nobody wants to kill a bunch of fish or birds, or any of that. They want to do it right, but they do want to be able to do it in a timely way, and they want to do it efficiently and effectively, and they don't want their papers sitting on a desk. It's all of the stuff that we've all dealt with in our lives.
It's pretty exciting. Of course, if we get some of the projects done that we're trying to get done, and we can really get into a world where we can use digitization and automation for some of the information, we'll have a real opportunity here. I think we have an opportunity to catapult ahead of the rest of the world. We are not changing our values; we're just learning how to exercise them by using technology. We're learning how to innovate the way that we do policy. It's interesting.
Thank you again for being here this evening.
I want to go back a little bit to the question I had for Minister LeBlanc with respect to the various key steps in the process. I think Minister LeBlanc referred to a couple of other things there that are steps in the process.
Do you have a chart that shows the major points of entry of projects proposed? Can we get a copy of that?
Dawn Farrell: Yes.
Hon. Jim Quinn: That would be great, thank you.
:
I'm sorry to interrupt. It's not necessarily evaluating you as a person or anything like that. It's us evaluating the performance against the act itself so that we can do a report every 180 days to say that these things are on track, etc.
Again, maybe later we can talk about where we play, because I'm not sure exactly where we play, but I know we have to evaluate.
I want to jump ahead because of lack of time. There was something said about Contrecœur in the past. I've been around ports for a long time. This has been talked about for decades, as has been stated earlier. The private sector never really wanted to play. They didn't want to invest.
Does your office look at the business case that's presented? Do you bring in experts to look at, for example, in Contrecœur, what the predicted loads are? I've read the port stuff, and they say that last year they went up 3.4%. They don't talk too much about the previous years.
What exactly is the capacity question that's being addressed with Contrecœur? Where does Transport play? Where does Infrastructure play? Do the Treasury Board and the Department of Finance also get involved in this process, or is it the MPO that says it's a go, the minister makes the decision, then the money flows? Does it have to go back through central agencies and departments?
:
Thank you for your answer.
You're talking about security. You gave an answer earlier that I would like to come back to. In fact, I would like to understand what the procedure is for handling conflicts of interest involving employees who come from large banks, who are partially paid by those banks, and who are ultimately involved in the selection process.
You've said that you can't disclose where they came from or who they worked for. However, if they have an impact on the decision-making process, and it turns out that their bank may have an interest in the project on which they are having an impact, what is the process for ensuring that the situation is clarified, so that Canadians and Quebeckers can be reassured that there is no conflict of interest? What is your process?
I'd like to thank you in particular, Ms. Farrell, for making the trip in person from Calgary to be with us today. I think it's very important that we have this conversation.
I did hear your response earlier to my Conservative colleague's question when he asked how many projects were designated with the funding that was provided to you. You answered none, but those are just designated projects. You have been working on many projects over the last couple months, reminding Canadians that you've only been at your post for a short time.
I'm a Montreal MP, and you can imagine that the port of Montreal is near and dear to my heart. You have worked to facilitate shovels in the ground at Contrecoeur, if I understand your previous testimony. Perhaps you would like to elaborate on that.
I would like to hear you particularly on the work that you're doing to accelerate timelines for other projects. You mentioned that there are many private proponents working with your office. I'm not asking for their names. I understand that it's important to keep that kind of confidentiality.
Can you give a sense to this committee of how many projects you're working on actively with those private proponents? These are your words. Feel free to correct me if I get them wrong. You mentioned that several private proponents are coming to you because of the act, because of Bill and because of the existence of your office. They see hope for new projects. You also mentioned earlier that designation would only be for the projects that are on a massive scale. There are many other projects that are coming to you that you're assisting, if I understand you correctly. Perhaps you'd like to comment on that.
You're 100% correct. We are not sitting in our office with our feet up waiting for some project to come by to get designated. Designation is a tool, and it becomes something we think about when we're working with proponents.
Of the 15 projects we're working on right now, some are more active than others, because some are behind us. For example, we worked with Darlington to get the financing for the first Darlington unit. Now they're going to have to finance the next three units, so we'll be working with them on that.
In the north, the Mackenzie Valley Highway was profiled in February as one of the projects of national significance. We have a team today up in the Northwest Territories working with the Northwest Territories government to figure out how to set up a construction organization so we can be ready to build the Mackenzie Valley Highway next spring, which will require all sorts of work to be done right now and will require financing for next spring.
If you look at the project that people said was already under construction, which is the project in Saskatchewan, the McIlvenna Bay Foran copper mine, that project could potentially go to another phase, so we're working with them.
If you look at the north coast transmission line, there are three phases to that project. We helped with the finalizing of the financing for phases one and two, and we're currently working with a proponent for phase three. There are a number of different options there. There are a number of different issues that also have to be sorted out on the indigenous front with that project.
We helped Nouveau Monde finalize the sale of their graphite through the Canadian government, and then we helped them be ready so they could close and go to final financing. I think that was at the end of April. They're getting ready to be shovel-ready at the beginning of May. We're going into phase two to help them get organized for their refinery that will be at Bécancour. In that particular case, it's also making sure they have access to all the different departments and governments in Europe so that we can onsell that graphite to partners in the European Union.
Every single project is different, and every single project has elements of finishing regulatory, doing some financing and making sure that they have access to everything we can find for them so that they become successful projects with cash flows.
Over the summer, we engaged in nine separate regional engagement sessions, and these kinds of questions came up a lot. This conversation is well-travelled. I appreciate the question.
When we look at FPIC, everyone wants to immediately jump to consent. I say, let's start at the beginning, shall we?
What does free mean? That means the community has the capacity to come to a decision, an understanding, and they can't do that if they don't have proper capacity. It has to be prior. It has to be early. There's no such thing as engaging too early. In fact, for too long, communities have not been engaged early enough. That's how you end up with delay and increased costs later when you encounter issues that you could have dealt with early if you'd engaged early. That's the free and the prior part. On informed, you have to give them good information. If a proponent has information, they need to share it. Indigenous groups are entitled to have answers to questions like how can we be sure that we'll take care of the land. They're entitled to ask those questions and they should be getting answers.
When you take seriously the free, prior and informed part, then what you're really doing is moving into real-time, shared decision-making. They're in the discussion. They're in the conversation. Then all of a sudden, consent becomes an easier topic to talk about because you've already demonstrated it. That's how you garner support from communities.
Also, indigenous leaders have their own constituencies they have to report back to, and we need to respect that. As we saw in the regional engagement sessions, the amount of good faith and overwhelming desire to get going is phenomenal.
:
As I said, you have to employ a number of tools in order to build confidence, especially in major projects. They are often megaprojects that require significant dollars to build and that have to be built over a long period of time. Proponents need to know that if they take on the development expenditures for these projects.... They have to know that they will find out early on if there are any regulatory pitfalls or challenges that would mean they couldn't make the investment, in which case they'd lose a lot of money. Then, once they have regulatory approval, they have to know that they can build and finish a project on time and on budget.
The tools are often, first and foremost, the regulatory tools that give them the certainty of the permitting—the certainty that the impact assessment and the permitting will come together, that those will be durable permits, that they will survive through all the levels of government and that those are bankable. The bankability of those permits allows them to raise the funding. As they're constructing, they have to know that when they're in the field and working on the projects, they won't face unnecessary or long delays because standards may change or people may change their mind about what they want.
All the tools we work with are a combination of policy and regulatory tools to see that we can get the right policy framework, we have the right regulatory framework and we have people working together in parallel as opposed to working in silos. Then we work with investors to really understand from investors what standards they would need to see from the country in order to say, okay, we will finance these projects.
I want to continue with the line of questioning from Senator Quinn, which I found interesting.
The mandate of this committee is to oversee and study the exercise of powers granted to the government under the Building Canada Act. This question is probably unfair for you to answer in the short period of time I have, so I would invite you to provide any comments you like, but also to work in the future, with the 100 other individuals you're currently working with at the MPO, to help us frame how we're actually going to work on our report. We have to put out a report in 180 days, and 180 days after that, and another 180 days after that. You're working on the ground on this every single day. You talked about speed, and about how we could potentially catapult ahead of other countries. But that's not the only metric we should be tracking.
I would really like you to seriously take away what metrics you think this committee could be tracking that would be valuable to ensure your success. If you have any comments in the time that we have, I'd love to hear them.